The candidate for Secretary of the Treasury, Janet Yellen, has been testifying in front of the Senate Finance Committee and has asked Congress to act to support the struggling economy. The former chair of the Federal Reserve has emphasized that interest rates are at record lows, allowing broad action.
Yellen added that her goal is to have a competitive economy that create jobs. It also points to high income inequality and promises to focus on the needs of American workers. Yellen has stated that she will work overtime for a second coronavirus aid package.
On taxes, the candidate for Secretary of the Treasury has said that she believes in a fair and progressive tax code.
The S&P 500 is trading slightly higher, just below 3,800 points. The EUR / USD is around 1.2130.
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